Analytics

Since the last update here earlier today, Ethereum (ETHUSD) has lifted further and it is now rising to session highs above 1185.

The rebound in Bitcoin noted here earlier this morning has understandably seen some corresponding gains for Ethereum (ETHUSD) too.

Since the last update here, Ethereum (ETHUSD) has not been able to make any headway.

Earlier today, as Bitcoin had another very close look at the 20k handle (low seen 19,947), Ethereum (ETHUSD) dropped below $1100.

As noted here yesterday, Ethereum (ETHUSD) fell to set a new 2022 low last weekend. The second largest cryptocurrency slumped to as low as 880.70 last Saturday.

Last week I was not here to cover the immediate prospects for both Bitcoin and Ether.

Following earlier updates here today, both Bitcoin and Ether have suffered further losses. Bitcoin has now fallen to below 24k and in the process it has set a new 2022 low, at 23,741.

Since the last update here yesterday evening, both BTC and Ether have fallen again. Ether has been leading the way once more.

For a long while regular readers here will have been surely aware of the importance of the $1,705 level in Ethereum (ETHUSD).

The reaction in the markets to the latest US CPI is getting as much coverage here as possible in as shorter amount of time as possible too, as there is a lot to try and convey.